Economy

Tariff systems in the post-sanctions era will be aimed at supporting producers by preventing excessive imports, says deputy minister of industries, mining and trade Mojtaba Khosrotaj.

Just a few days after hosting a historic deal between Iran and the world powers on Tehran’s nuclear program and lifting sanctions, Vienna has been the venue for deals of a different kind.

The weeklong losing streak at Tehran Stock Exchange eventually came to an end on Tuesday after TEDPIX notched up 48.1 points or 0.07% to close at 66,489.5.

Recent research has found that retailers who offer in-store WiFi are seeing the benefits with an increase in their bottom line and sales.

IHL Research carried out program into the use of in…

MTN-Irancell, the second largest mobile operator in Iran, has upgraded its telephone and Internet networks in the city of Hamedan, midwest Iran.

At an event held on Sunday in the city, the…

Iran has tapped international debt markets exactly twice in the past three decades. Those bonds, worth a total of €1 billion, have long since disappeared from traders’ screens, having matured…

Borrowers that have foreign exchange debt to the banking system were given three months to repay their debt, the central bank announced on Monday.

The Central Bank of Iran has banned commercial banks from providing loan collateral for their subsidiary companies. The ban targets one important aspect of the non-banking activities of banks…

Hossein Abdoh Tabrizi, advisor to the minister of Roads and Urban Development for financial affairs, called on the government to deregulate foreign exchange rates instead of applying a fixed…

Minister of Roads and Urban Development Abbas Akhoundi has urged banks to collectively raise their lending to 500 trillion rials ($17 billion at official exchange rate) for the controversial Mehr…

It is well over a year that sugar imports were banned due to domestic producers’ complaints. Yet according to a report by Reuters, about 150,000 tons of Brazilian sugar was imported in the days…

The Central Bank of Iran reported a 15.6% increase in the goods and services Consumer Price Index for urban areas in the 12-month period ending July 22, which marks the end of the fourth Iranian…

More than 26,000 tons of goods worth $35 million were exported via Razi-Kapikoy border with Turkey, near the city of Khoy in East Azarbaijan Province, during the first quarter of the current…

A memorandum of understanding was signed between Afghanistan and Sistan-Baluchestan’s chambers of commerce in a meeting attended by director of Afghanistan Advisory Board of National Entrepreneurs…

The 14th Iran-Turkmenistan Joint Economic Commission was held on July 25-27, co-chaired by Iran’s Minister of Roads and Urban Development Abbas Akhoundi and Turkmenistan’s Deputy Prime Minister…

Early August will see the berth of the first French container ship in Iran’s largest and most advanced container port, Shahid Rajaei Port, announced the general manager of Hormozgan Ports and…

The 8th Iran-Zimbabwe Joint Permanent Commission, co-chaired by Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei and Zimbabwe’s Foreign Minister Simbarashe Mumbengegwi,…

Oman and the UAE, which have had strong trade and investment links with Iran in the past, would likely benefit most from the lifting of trade sanctions on Iran because this would open the way…

More than nine years after the declaration of general policies of Article 44 of Iran’s Constitution by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, which calls for privatization…

Another bad trading day at Tehran Stock Exchange dramatically weighed on the benchmark to tumble 536 points or 0.8% to settle at 66,441.4. This is the TEDPIX’s seventh consecutive day in red.

Steel trading at Iran Mercantile Exchange experienced 43% growth in volume and 36% growth in value during the week ending July 24 over the preceding week, while 296,000 tons of various commodities…

Uncertainties in the equity market weighed on Iran Fara Bourse’s overall index to shed 5.21 points or 0.66% and close at 782.24. The IFX wrapped up its third consecutive trading day in red. As IFB…

French carmaker Renault is in talks to buy a minority stake in its Iranian joint venture, the Wall Street Journal cited an executive at the Iranian firm as saying. Nasser Aqamohammadi, managing…

Iran Khodro Spare Parts and After-Sales Services Company has been declared the best after-sales service provider in the country for the third consecutive year.      

Renault Pars, Renault's local subsidiary in Tehran, has announced plans to release an automatic version of its Duster model.

So far, the Duster high-chassis vehicle has been available in…